ICC Holdings, Inc. Financial Ratios — ICCH Stock

Profitability (USD)

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Return on Common Equity (%)	- -	7.55	9.05	2.17	2.69	12.21	9.19	9.81	-1.32	9.29
Return on Assets (%)	- -	1.75	2.29	0.52	0.59	2.74	2.04	2.16	-0.3	2.11
Return on Capital (%)	- -	7.13	8.59	2.33	2.74	11.39	7.87	7.45	- -	7.23
Return on Invested Capital (%)	- -	6.6	7.94	1.35	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	5.94	7.21	8.89	2.26	- -	- -	- -	- -	- -	- -
Operating Margin (%)	5.94	7.21	8.89	2.26	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	32.61	31.85	-87.64	-36.48	- -	- -	- -	- -	- -
Pretax Margin (%)	5.94	7.21	8.89	2.24	1.95	8.54	8.34	8.07	-1.04	6.66
Profit Margin (%)	3.98	5.15	6.26	1.47	1.75	7.21	6.43	6.74	-0.83	5.13
Net Income to Common Margin (%)	3.98	5.15	6.26	1.47	1.75	7.21	6.43	6.74	-0.83	5.13
Effective Tax Rate (%)	32.95	28.57	29.52	34.47	10.62	15.49	22.87	16.44	- -	22.91
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	7.55	9.05	2.17	2.69	12.21	9.19	9.81	-1.32	9.29

Credit (USD)

API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Total Debt	3	3	4	4	3	3	13	18	15	15
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	3	3	4	4	3	3	13	18	15	15
Total Debt/EBITDA	1.18	1.09	0.95	3.98	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	0.7	0.36	-0.15	-2.33	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	1.18	1.09	0.95	3.98	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	0.7	0.36	-0.15	-2.33	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	17.67	22.13	17.64	4.83	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	12.31	17.4	13.85	2.47	-3.53	-3.45	-1.86	-4.22	-3.63	-3.35
EBIT to Interest Expense	17.67	22.13	17.64	4.83	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	22.26	24.02	26.56	21.55	22.43	22.48	21.84	22.16	22.76	22.69
Long-Term Debt/Equity (%)	9.59	10.85	11.27	6.77	5.95	5.24	18.51	24.7	24.82	22.39
Long-Term Debt/Capital (%)	9.2	9.95	10.45	11.68	9.37	8.66	25.1	29.4	25.54	23.86
Long-Term Debt/Total Assets (%)	2.26	2.65	3.1	2.85	2.32	2.13	7.32	9.23	7.81	7.11
Total Debt/Equity (%)	9.59	10.85	11.27	6.77	5.95	5.24	18.51	24.7	24.82	22.39
Total Debt/Capital (%)	9.2	9.95	10.45	11.68	9.37	8.66	25.1	29.4	25.54	23.86
Total Debt/Total Assets (%)	2.26	2.65	3.1	2.85	2.32	2.13	7.32	9.23	7.81	7.11
Net Debt to Equity	5.66	3.63	-1.76	-3.96	-1.98	-4.75	9.44	18.54	19.62	20.18
Net Debt/Capital (%)	5.64	3.56	-1.85	-8.38	-3.56	-9.41	14.6	23.81	21.33	22.02
EBITDA	2	3	4	1	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	2	2	3	1	- -	- -	- -	-1	-1	-1
Operating Income (Loss)	2	3	4	1	- -	- -	- -	- -	- -	- -

Liquidity (USD)

API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	22.26	24.02	26.56	21.55	22.43	22.48	21.84	22.16	22.76	22.69
Long-Term Debt/Equity (%)	9.59	10.85	11.27	6.77	5.95	5.24	18.51	24.7	24.82	22.39
Long-Term Debt/Capital (%)	9.2	9.95	10.45	11.68	9.37	8.66	25.1	29.4	25.54	23.86
Long-Term Debt/Total Assets (%)	2.26	2.65	3.1	2.85	2.32	2.13	7.32	9.23	7.81	7.11
Total Debt/Equity (%)	9.59	10.85	11.27	6.77	5.95	5.24	18.51	24.7	24.82	22.39
Total Debt/Capital (%)	9.2	9.95	10.45	11.68	9.37	8.66	25.1	29.4	25.54	23.86
Total Debt/Total Assets (%)	2.26	2.65	3.1	2.85	2.32	2.13	7.32	9.23	7.81	7.11
CFO/Total Liabilities	7.81	6.16	5.18	0.83	6.3	2.62	1.45	4.24	8.17	5.92
CFO/CapEx	10.28	8.91	5.36	1.38	11.62	5.7	4.18	5.35	15.12	13.8
Altman's Z-Score	0.7	0.76	0.85	0.99	0.93	0.94	0.84	0.86	0.9	0.9

Working Capital (USD)

API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Accounts Receivable Turnover	- -	1.11	1.39	1.64	1.79	1.93	1.57	1.57	1.61	1.75
Days Sales Outstanding	- -	329.67	263.42	222.12	203.97	188.69	232.56	232.42	226.82	208.67
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Market Capitalization	- -	- -	- -	52	43	42	43	51	48	45
- Cash & Cash Equivalents	1	2	4	7	5	7	7	5	3	1
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	3	3	4	4	3	3	13	18	15	15
Enterprise Value	-70	-64	-75	-41	-48	-53	-56	-41	-34	-52
Total Capital	30	33	36	37	37	40	54	63	59	63
Total Debt/Capital (%)	9.2	9.95	10.45	11.68	9.37	8.66	25.1	29.4	25.54	23.86
Total Debt / EV	-0.04	-0.05	-0.05	-0.11	-0.07	-0.07	-0.24	-0.45	-0.44	-0.29
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	52	43	42	43	51	48	45
Diluted Enterprise Value	2	1	-1	49	41	39	50	65	60	59
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	40	42	45	48	51	60	55	61	70	83
TTM EBITDA	2	3	4	1	- -	- -	- -	- -	- -	- -
TTM Operating Income	2	3	4	1	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	7	6	5	1	6	3	2	6	11	9
TTM Free Cash Flow to Firm	8	6	6	1	6	3	2	7	12	9

Multiples (USD)

API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Price/Free Cash Flow	- -	- -	- -	40.73	6.79	14.27	21.76	8.14	4.16	4.97
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-70	-64	-75	-41	-48	-53	-56	-41	-34	-52
Low Price	- -	- -	- -	14.2	13.26	12.75	9.6	13.51	15.22	15
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	72.91	47.67	9.87	12.26	12.32	- -	10.59
Price/Earnings Average	- -	- -	- -	75.69	53.19	9.69	10.36	11.62	-85.49	11.01
Price/Earnings High	- -	- -	- -	80.66	58.57	10.52	12.39	14.01	-90.44	12.83
Price/Earnings Low	- -	- -	- -	63.63	46.31	8.93	8.23	9.94	-79.34	10.38
Price/Book Value	- -	- -	- -	1.57	1.26	1.16	1.08	1.15	1.09	0.94
Price/Book Value Average	- -	- -	- -	1.63	1.41	1.14	0.91	1.09	1.14	0.98
Price/Book Value High	- -	- -	- -	1.74	1.55	1.23	1.09	1.31	1.2	1.14
Price/Book Value Low	- -	- -	- -	1.37	1.23	1.05	0.72	0.93	1.06	0.92
Price/Tangible Book Value	- -	- -	- -	0.81	0.73	0.64	0.6	0.68	0.79	0.68
Price/Tangible Book Value Average	- -	- -	- -	0.84	0.81	0.63	0.5	0.64	0.82	0.71
Price/Tangible Book Value High	- -	- -	- -	0.89	0.89	0.68	0.6	0.78	0.87	0.83
Price/Tangible Book Value Low	- -	- -	- -	0.7	0.71	0.58	0.4	0.55	0.76	0.67
Price/Sales	- -	- -	- -	1.07	0.83	0.71	0.79	0.83	0.69	0.54
Price/Sales Average	- -	- -	- -	1.11	0.93	0.7	0.67	0.78	0.71	0.56
Price/Sales High	- -	- -	- -	1.19	1.02	0.76	0.8	0.94	0.75	0.66
Price/Sales Low	- -	- -	- -	0.93	0.81	0.64	0.53	0.67	0.66	0.53
Price/Cash Flow	- -	- -	- -	70.24	7.38	16.74	26.84	9.61	4.44	5.29
Price/Cash Flow Average	- -	- -	- -	72.93	8.23	16.43	22.67	9.06	4.62	5.5
Price/Cash Flow High	- -	- -	- -	77.71	9.06	17.85	27.12	10.93	4.89	6.41
Price/Cash Flow Low	- -	- -	- -	61.31	7.17	15.15	18.02	7.75	4.29	5.19
Price/Free Cash Flow Average	- -	- -	- -	42.29	7.58	14	18.38	7.68	4.34	5.16
Price/Free Cash Flow High	- -	- -	- -	45.06	8.35	15.21	21.99	9.26	4.59	6.02
Price/Free Cash Flow Low	- -	- -	- -	35.55	6.6	12.91	14.61	6.57	4.02	4.87
EV/Sales Average	0.04	0.03	- -	1.06	0.91	0.65	0.79	1.01	0.88	0.73
EV/Sales High	0.04	0.03	- -	1.13	1	0.71	0.92	1.17	0.93	0.82
EV/Sales Low	0.04	0.03	- -	0.88	0.79	0.59	0.65	0.9	0.83	0.7
EV/EBITDA Average	0.7	0.36	-0.15	46.87	- -	- -	- -	- -	- -	- -
EV/EBITDA High	0.7	0.36	-0.15	50.1	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	0.7	0.36	-0.15	39.03	- -	- -	- -	- -	- -	- -
EV/EBIT Average	0.7	0.36	-0.15	46.87	- -	- -	- -	- -	- -	- -
EV/EBIT High	0.7	0.36	-0.15	50.1	- -	- -	- -	- -	- -	- -
EV/EBIT Low	0.7	0.36	-0.15	39.03	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	16.27	13.65	14.09	14.3	16.75	15.75	15.3
High Price	- -	- -	- -	18	16.77	15.02	14.45	19.05	17.35	18.54
Enterprise Value Average	2	1	-1	51	46	38	43	62	62	60
Enterprise Value High	2	1	-1	55	51	42	51	72	64	68
Enterprise Value Low	2	1	-1	43	40	35	36	55	58	58

Shares Outstanding	4	4	4	3	3	3	3	3	3	3
Diluted Weighted Avg Shares	4	4	4	3	3	3	3	3	3	3
Basic Weighted Avg Shares	4	4	4	3	3	3	3	3	3	3
Revenue per Share	11.38	11.95	12.82	15.19	16.4	19.79	18.12	20.16	22.98	28.15
EBITDA per Share	0.68	0.86	1.14	0.34	- -	- -	- -	- -	- -	- -
Operating Income per Share	0.68	0.86	1.14	0.34	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.45	0.62	0.8	0.22	0.29	1.43	1.17	1.36	-0.19	1.44
Basic EPS from Cont Ops	0.45	0.62	0.8	0.22	0.29	1.43	1.17	1.36	-0.19	1.44
Diluted EPS, GAAP	0.45	0.62	0.8	0.22	0.29	1.42	1.16	1.35	-0.19	1.43
Diluted EPS from Cont Ops	0.45	0.62	0.8	0.22	0.29	1.42	1.16	1.35	-0.19	1.43
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	2.11	1.64	1.31	0.23	1.85	0.84	0.53	1.74	3.55	2.89
Free Cash Flow per Basic Share	1.9	1.46	1.07	0.06	1.69	0.69	0.41	1.42	3.31	2.68
Cash & Equivalents per Share	20.83	19.25	22.37	30.42	30.01	32.81	37.1	36.24	31.84	38.15
Book Value per Share	7.85	8.47	9.27	10.35	10.81	12.18	13.27	14.54	14.42	16.25
Tangible Book Value per Share	8.3	8.62	9.6	20.21	18.78	22.05	24.02	24.51	19.91	22.36

ICC Holdings, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)